REE Automotive Ltd. operates in the e-mobility business. The company develops REEcorner technology, which integrates vehicle drive components, including steering, braking, suspension, powertrain, and control into the arch of the wheel. The company also develops REEboard, a flat and modular EV chassis. The company is headquartered in Herzliya, Israel.

REE Automotive Ltd.

REE (Nasdaq: REE) is an automotive technology leader whose mission is to empower companies to build any size or shape of electric or autonomous vehicle – from Class 1 through Class 6 – for any application and any target market. REE aims to serve as the underpinning on top of which EVs and AVs will be built and envisions a future where EVs and AVs will be ‘Powered by REE’.
REE’s revolutionary technology – the REEcorner™ – packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel, enabling REE to build the industry’s flattest EV platforms with more room for passengers, cargo and batteries. REE uses x-by-wire technology to control each of the corners of the vehicles with full drive-by-wire, brake-by-wire and steer-by-wire.
REE’s EV platforms afford complete freedom of design, enabling auto-manufacturers, OEMs, delivery & logistic fleets, Mobility-as-a-Service providers and new mobility players to design mission-specific EVs and AVs based on their exact business requirements and significantly reduce their time-to-market, lower TCO and meet zero-carbon regulations.

Headquartered in Israel, REE has an Engineering Center in the UK, as well as subsidiaries worldwide including Japan and Germany, and plans to open its U.S. headquarters and first Integration Center in Austin, Texas. REE’s unique CapEx-light manufacturing model leverages Tier-1 partners’ existing production lines; the company’s extensive partner ecosystem encompasses leading names including Hino Motors (truck arm of Toyota), Magna International, JB Poindexter, Navya and American Axle & Manufacturing to provide a full turnkey solution.

REE’s patented technology, together with its unique value proposition, position it to break new ground in e-Mobility. For more information visit https://www.ree.auto.

Advanced Propulsion Centre UK

BloombergNEF

Koch Strategic Platforms

Magna International

Mahindra & Mahindra

Varana Capital

REE Automotive

As many of you are winding down for the holiday season, we wanted to take the opportunity to wish you and your families a very happy holidays and a healthy and prosperous New Year from everyone at REE. 

A major REE milestone, just in time for the holidays!

The very first P7-C chassis cab driven off the line ready to be delivered to dealers for customer demos. ⚡ 🚚 

 As our CEO and co-founder Daniel Barel said last week, he and our CTO and co-founder Ahishay Sardes had a dream to revolutionize #EVs to make the world a more sustainable one for future generations. Fast forward to today and we celebrate the incredible efforts and achievements of our engineering and production teams who have brought that dream to reality. 

Stay Tuned for more!

#ThisIsREE #PoweredByREE #electricvehicles #automotivetechnology #electricmobility #electriccars #autonomousdriving #zeroemissions #commercialvehicles #electricbus #electrictruck #nextgenmobility #sustainbability

Happy Hanukkah from REE. 🕎 💙

From the REE family to yours wishing you a Hanukkah filled with love, yummy treats, and candles burning bright! ✨


#ThisIsREE #TeamREE

It's been an exciting year for REE and we are thankful to our partners, customers, and investors who join us on our planned journey to transform e-mobility. This morning, we announced our Q3 2023 financial results and business update. Q3 was another strong quarter, and our key highlights include:

✅ Expanded our dealer network, resulting in more than doubling initial order book value to $43 million since last quarter
✅ 28% decrease YOY in net loss
✅ Ended Q3 2023 with liquidity of $101 million comprised of $86 million cash, cash equivalents and short-term investments, and a $15 million credit facility
✅ Secured working capital investment of $8 million led by the company’s largest institutional investor subsequent to quarter end
✅ Signed a multi-year autonomy program and shipped a P7-C prototype to a leading aerospace corporation
✅ First demo vehicles planned to be shipped to customers by Christmas 

You can take a look at our Q3 2023 shareholder letter for more detail, or join our live webcast starting at 8:30 AM EST.

View the shareholder letter: https://t.co/hUgE5YlDW0
Join the webcast: https://bit.ly/3GdWT1S

#PoweredByREE #automotivetechnology #Q32023 #Q3results

https://lnkd.in/g9rbaGMC

NASDAQ:REE

REE Automotive, Ltd.

Last Close

7.31

08/11 21:00

Market Cap

55.11M

Beta: 1.69

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16.05K

Avg: 562.03K

PE Ratio

−0.70

PFCF: −0.90

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